They should be able to continue operating for awhile now. Maybe new deals coming will reduce burn rate and drive toward quicker positive cash flow. And if they can last long enough, they might eventually get some cash out of China. Even if they settled for $100M, that would still be over $7/s based on about 14M shares. If they actually got the $450M, that would be $32/s...
My guess; wallst short scammers that trade with inside info short from high above and keep shorting to drive it to all time low or as low as possible with the shares they have available from all sources. At that point they need millions of shares to cover but don't want to drive the pps up by trying to buy on the open market. Thus they make backroom deals with company management to give them more money to survive on, even getting the new PIPE shares at a discount to the market pps. BINGO...they can now cover with the pipe shares or hopefully get retailers to sell to them at the bottom. Now I'm sure that didn't happen, but my guess it happens sometimes somewhere...lol.
That assumes status quo and no future sales increase. If sales increase significantly and or they should get a nice settlement from China, then this could be on its way to a really nice recovery. But in the mean while there will probably be a lot of pps manipulation by the shortscamming wallstcrooks.
Maybe no one, but just for thought.
1. Will the pipers be able to use those 4M shares as protection if they short and manipulate the pps? Or could they somehow borrow 4M shares somehow behind closed doors and short all 4M off record while the pps was in the $10s???
2. Were the pipers shorting all along as the deal was being made?
3. Did insiders on the deal tell all their buddies to short in the rise from $7-$10+??
Now, who is suing who for what?
And any large shorters within past 60 days of the pipe announcement are to be given their money back without any profits...unless they had a loss which would be deducted from their original investment..
Am I dreaming or what?...lol
Wallst is so crooked; and are gov leaders who continue to allow wallst scams are just as crooked, actually worse.
You're right whether you're a loser or not; but a recent $6-1000s small buy of AMSC would have netted $4000+ gain in just a few days. Now look at us here. I think we're all losers here...lol
7-8% right off the top for a little paper work and zero risk, plus pipers get to use all those shares to control pps as they wish. Wallst setup is amazing..lol. Assuming pipers use the warrants, SCON will end up with about $7M total and share count will go up another 4.6M shares. How long will that last until the next pipe?? 6 months??
Sure hope big deal is announced soon or this will surely head below $1..jmho
Up over $10 after the RS.
Might be a good time for SCON to consider reverse ipo back into RESN while it is being whipped by the wallst gangs...maybe 50-50 merger??...just a thought.
Even if they are a major risk taker? They have zero revs and none anytime soon. No need to even think about earnings. Any new funding will cause major dilution, plus we all know what pipers do best. Besides, I suspect the shorts and their buddy wallst lawyers are not done with this by a longshot. Yes I could be wrong and it could shoot the moon any day now..lol
Plus new PIPE probably coming, and we all know what pipers do best. Mixing all of this together looks very bad. Unless they hit the jackpot design very fast, pps could easily head much much much lower.
PIP takes over the drug so GOV and other countries can buy from someone they can trust. Everyone wins except maybe Siga commons. That seems like the only logical outcome here. Better call Saul...I mean better buy PIP...lol
The answer is absolutely NO unless they have a few demorats or republicunts working with them in Congress. But wait, what is the name of that guy that owes mucho to the IRS that seems to have the ear of our prez frequently? Based on that, I suspect our Gov leaders will work with just about anyone. So buy with both hands...PIP that is...lol
All the wallst scam artists say it is going to zero. You can take the loss on your taxes and I will take the risk of it going to zero or back to $5. Deal?? lol
Wallst lawyers and shortcrooks all over it. Will it soon sell for less than what SCON management got..$5
Maybe they did make a smart move by getting out quick since they knew everything about RESN...lol
Previous SA article(s) pumped it up and the latest sticks a needle in the balloon....Appears the Wallst short scammers and buddy lawyers are all over it now. Wow.
And their bi*#h zero anala#s was instructed to throw oil on the fire. Wallst is full of crooks; you can lose your last penny betting against that.
The runup to almost $20 was perfect manipulation to get pipers short for this dump. All part of a typical wallst pump and dump. PIPERS will make so much off this scam short, as well as those to come, to provide plenty of future funding for the company, which will be good if the filters meet specs and take off. Then we fly to $100 and beyond. Go RESN!!!!
My guess at new PIPE deal now is $8 pps within 5-8m; naturally the future pipers will pump and dump it several times before then and will naturally be short several pts higher when the deal is finally announced. Don't worry; that's not uncommon. Happens all over wallst with the full blessings of our gov watchdog SEC.